# 



## 

## 

|Co-opted Trustees|Co-opted Trustees|Mr C R Mason|(Chairman)|(Chairman)|||||
|---|---|---|---|---|---|---|---|---|
|||Mr T R Brown|||||||
|||Mr D E Hanson|||||||
|||Mr S Hatton|||||||
|||Mrs J Marshall|||||||
|||Dr P A Thurley|||||||
|||Mrs A White|||||||
|||Mr T Morris|||||||
|||Mr P Beddoes|||||||
|||Mrs R McCarthy||||(Appointed|October 2020)||
|Nominated|Trustees|Cllr M A Grainger|||||||
|||Cllr N Butler|||||||
|Ex-officio Trustee||Mayor ofTown|of Warwick-||||||
|||Cllr T Morris (appointed|||May 20)||||
|||Cllr N Murphy|(resigned||May 20)||||
|Charity number||216829|||||||
|Joint clerks|to the|Mr C E R Houghton|||||||
|Charity||Mr J 8Williams|||||||
|Pffncipal address||C/0 Moore gt Tibbits||||Solicitors|Moore &Tibbits||
|||34 High Street|||||34 High Street||
|||Warwick|||||Warwick||
|||Warwickshire|||||CV344BE||
|||CV344BE|||||||
|Investment|Advisors|Quilter Cheviot||||Bankers|Lloyds TSBBank pic||
|||Provincial<br>House|||||10—12Swan Street||
|||37 New Walk|||||Warwick||
|||Leicester|||||CV34 4BT||
|||LE1GTU|||||||
|||CCLA Fund Manaaers||Limited||Auditor|Burais ik Bullock||
|||Senator House|||||23-25Waterloo Place||
|||BSQueen Victoria Street|||||Warwick Street||
|||London|||||Leamington|Spa|
|||EC4V 4ET|||||Warwickshire||
||||||||CV32 SLA||





## 

## 

||||Page|
|---|---|---|---|
|Trustees'report|||1-8|
|Independent|auditor's|report|9 —12|
|Statement of|financial|activities|13-16|
|Balance sheet|||17|
|Statement of|cash flows||18|
|Notes to the financial||statements|19-39|





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||||Unrestricted|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|||
||||2020|2020|2020|2020|2020|2019|
|||Notes|f|f|f|f||f|
|Income from:|||||||||
|Donations<br>and Grants|||||||||
|received||3|31,075||||31,075|30,050|
|Charitable<br>activities|||||||||
|Almshouses<br>Income||4|67,575||||67,575|63,454|
|Oken Feast||4|4,668||||4,668|3,962|
|Other trading activities||5|6,720,560||||6,720,560|2,340,218|
|Investment<br>income||6|130,675||||130,675|59,505|
|Total income|||6,954,553||||6,954,553|2,497,189|
|~ECht|||||||||
|Charitable<br>activities|||||||||
|Almshouses|||||||||
|management||7|34,023|||16,667|50,690|62,148|
|Other trading activities||7|2,301,631||||2,301,631||
|Grants payable||8|115,507||||115,507|214,559|
|Total charitable|expenditure||2,451,161|||16,667|2,467,828|276,707|
|Governance<br>and|||||||||
|Administration||9|51,491|||11,314|62,805|57,718|
|Total resources|||||||||
|expended|||2,502,652|||27,981|2,530,633|334,425|
|Net|||||||||
|income/expenditure|||||||||
|for the year|||4,451,901|||(27,981)|4,423,920|2,162,764|
|Net gains/(losses)|on||||||||
|investments||11|261051|~1997|~3332|36109|291831|178533|
|Net|||||||||
|incoming/(outgoing)|||||||||
|resources before|||||||||
|transfers|||4,712,952|(1,997)|(3,332)|8,128|4,715,751|2,341,297|





## 

||||Unrestricted|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|||
||||2020|2020|2020|2020|2020|2019|
|||Notes|E|E|E|E|E|E|
|Gross transfers|||||||||
|between<br>funds|||(132,461)||1,100|131,361|||
|Net movement|in funds||4,580,491|(1,997)|(2,232)|139,489|4,715,751|2,341,297|
|Fund balances at 1|||||||||
|January 2020|||2,638,221|29,841|124,386|3,557,460|6,349,908|4,008,611|
|Fund balances at 31|||||||||
|December 2020|||7,218,712|27,844|122,154|3,696,949|11,065,659|6,349,908|





## 

## 

|Prior Year|||Unrestricted|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds||(as|
|||||||||restated)|
||||2019|2019|2019|2019|2019|2018|
|||Notes|f|f|f|f|f|f|
|Income from:|||||||||
|Donations<br>and Grants|||||||||
|received||3|30,050||||30,050|30,050|
|Charitable<br>activities|||||||||
|Almshouses<br>Income||4|63,454||||63,454|56,720|
|Oken Feast||4|3,962||||3,962|3,990|
|Other trading activities||5|2,340,218||||2,340,218||
|Investment<br>income||6|59,505||||59,505|61,767|
|Total income|||2,497,189||||2,497,189|152,527|
|~Edit|||||||||
|Charitable<br>activities|||||||||
|Almshouses|||||||||
|management|||45,481|||16,667|62,148|65,899|
|Oken video||||||||1,569|
|Grants payable|||214,559||||214,559|110,251|
|Total charitable|expenditure||260,040|||16,667|276,707|177,719|
|Governance<br>and|||||||||
|Administration|||49,780|||7,938|57,718|32,740|
|Total resources|||||||||
|expended|||309,820|||24,605|334,425|210,459|
|Net gains/(losses)|on||||||||
|investments||11|41,156|4,969|8,290|124,118|178,533|(120,481)|
|Net|||||||||
|incoming/(outgoing)|||||||||
|resources before|||||||||
|transfers|||2,228,525|4,969|8,290|99,513|2,341,297|(178,413)|





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## 

|||||Unrestricted|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|||
|||||2019|2019|2019|2019|2019|2018|
||||Notes|f||f|f||f|
|Gross transfers||||||||||
|between|funds|||(67,217)|(45,626)|116,096|(3,253)|||
|Net movement||in funds||2,161,308|(40,657)|124,386|96,260|2,341,297|(161,746)|
|Restated|fund|||||||||
|balances|at 1January|||||||||
|2019||||476,913|70,498||3,461,200|4,008,611|4,170,357|
|Fund balances||at 31||||||||
|December 2019||||2,638,221|29,841|124,386|3,557,460|6,349,908|4,008,611|





## 

## 

||||||Group|Group|Charity||
|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019|
|||||Notes|f|f|f|f|
|Fixed assets|||||||||
|Tangible assets||||12|1,199,999|1,216,666|1,199,999|1,216,666|
|Investment|property|||13|350,000|385,000|350,000|385,000|
|Investments||||14|6,976,922|3,899,463|6,976,922|3,899,464|
||||||8,526,921|5,501,129|8,526,921|5,501,130|
|Current assets|||||||||
|Stocks||||16||750,500||500|
|Debtors||||17|2,414,349|39,798|944,886|39,800|
|Cash at bank and in||hand|||476,406|618,798|170,311|95,213|
||||||2,890,755|1,409,096|1,115,197|135,513|
|Creditors: amounts||falling due|||||||
|within one year||||18|(352,017)|(560,317)|(54,213)|(37,862)|
|Net current|assets/(liabilities)||||2,538,738|848,779|1,060,984|97,651|
|Net assets|||||11,065,659|6,349,908|9,587,905|5,598,781|
|Capital funds|||||||||
|Endowment|funds|||20|3,696,949|3,557,460|3,696,949|3,557,460|
|Income funds|||||||||
|Unrestricted|funds||||||||
|Designated|funds|||19|27,844|29,841|27,844|29,841|
|General unrestricted||funds||22|7,218,712|2,638,221|5,740,958|1,887,094|
|Restricted fund||||21|122,154|124,386|122,154|124,386|
||||||11,065,659|6,349,908|9,587,905|5,598,781|
|The financial|statements||were approved|by the|Trus<br>e on.2%/O?.(4||4~||





## 

## 

||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
||||Notes||||||
|Cash flows from general activities|||||||||
|Cash generated<br>from operations|||24||||||
|||||||2,477,563||2,853,691|
|Investing<br>activities|||||||||
|Purchase of investments|||||(3,886,203)||(1,894,737)||
|Proceeds on sale ofinvestments|||||402,109||555,212||
|Purchase oftangible<br>fixed|assets||||||||
|Interest received|||||130,675||59,505||
|Net cash used in investing||||||(3,353,419)||(1,280,020)|
|Financing activities|||||||||
|Net cash generated<br>from/(used|||||||||
|in) financing<br>activities|||||||||
|Net decrease in cash and|cash|||||(875,856)||1,573,671|
|Cash and cash equivalents|at|beginning||of|||||
|year||||||1,692,081||118,410|
|Cash and cash equivalents|at|end|ofyear|||816,225||1,692,081|
|Relating to:|||||||||
|Cash and cash equivalents<br>Short term deposits included||in investments||||476,406<br>~19||618,798<br>107 28|





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||||2020|2019|
|---|---|---|---|---|
||||f|f|
|Grants received|||||
|Warwick|Relief in|Need|7,769|10,000|
|Warwick|United Charities||3,884|5,000|
|Warwick|Provident|Charity|3,884|5,000|
|King Henry V111|||15,538|10,000|
|Solihull|Wives|||50|
||||31,075|30,050|



## 

|||||2020|2019|
|---|---|---|---|---|---|
|||||f|f|
|Almshouses|Contributions|||67,575|63,454|
|Oken Feast||||4,668|3,962|
|Charitable|activities|||72,243|67,416|
|Other trading||activities||||
|||||Unrestricted|Total|
|||||funds||
|||||2020|2019|
|||||f|f|
|Provision ofprofessional|||services and land sales|6,720,560|2,340,218|
|Other trading||activities||6,720,560|2,340,218|



## 



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## 

## 

|Investment<br>income|||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|||
|||2020|2020|2019|
|Rental income||11,649|11,649|15,000|
|Income from listed investments||49,028|49,028|35,758|
|Income from unlisted|investments|69,070|69,070|8,747|
|Bank interest received||928|928||
|||130,675|130,675|59,505|
|Forthe year ended 31December 2019||59,505||59,505|



## 

|||Almshouses|Other|Grants|Grants|Total|Total|
|---|---|---|---|---|---|---|---|
|||management<br>f|trading act<br>f|payable<br>f||2020f|2019<br>f|
|General<br>repairs||13,061||||13,061|29,923|
|Depreciation||16,667||||16,667|16,667|
|Insurance||4,242||||4,242|3,642|
|Light and heat||740||||740|1,124|
|Maintenance|ofgardens|3,365||||3,365|2,880|
|Water rates and charges||4,400||||4,400|2,147|
|Miscellaneous|expenses|1,535||||1,535|596|
|Christmas<br>gifts||550||||550|600|
|Oken's feast||6,130||||6,130|4,569|
|Cost ofservices sold|||1,551,632|||1,551,632||
|Cost of land|||749,999|||749,999||
|||50,690|2,301,631|||2,352,321|62,148|
|Grant funding|ofactivities (see note 8)|||115,507||115,507|214,559|
||||~31|~11|7|~2467<br>2|~27|





## 

## 

## 

|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||E||
|St Mary's Collegiate|Parish Church||||||500|
|Safeline||||||4,776||
|Myton<br>Hospice|||||||10,344|
|Enhanced<br>Care at Home Project||||||26,976|66,591|
|Springfield<br>Mind||||||36,923||
|Citizens Advice Bureau||||||21,124|21,124|
|Warwickshire<br>College||Group||||10,000||
|Parenting<br>Project||||||15,708||
|Warwickshire<br>Care|Services||||||116,000|
|||||||115,507|214,559|
|Governance<br>and Administration||||||||
||||Unrestricted|Endowment||Total|Total|
||||funds||funds|2020|2019|
||||||general||E|
|Audit fees|||10,400|||10,400|10,000|
|Clerk's fees and expenses|||23,000|||23,000|21,500|
|Accountancy fees|||11,011|||11,011||
|Legal and professional||fees|5,276|||5,276|16,720|
|Investment<br>brokers|fees||1,606||11,314|12,920|9,163|
|Bank charges|||198|||198|122|
|Sundry expenses|||||||213|
||||51,491||11,314|62,805|57,718|



## 



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## 

|Fixed asset investments<br>Group &Charity||||||
|---|---|---|---|---|---|
||Listed|Designated|COIF|Cash at|Total|
||investments|BlackRock|investments|broker||
|||f|f|E||
|Cost or valuation||||||
|At 1January 2020|1,115,631|29,842|1,680,707|1,073,283|3,899,464|
|Additions|1,457,598||2,428,603||3,886,201|
|Valuation<br>changes|63,943|(1,998)|264,885||326,830|
|Fundsinvested||||(720,544)|(720,544)|
|Investment<br>mgt fees||||(12,920)|(12,920)|
|Disposals|(402,109)||||(402,109)|
|At 31December 2020|2,235,063|27,844|4,374,196|339,819|6,976,922|
|Carrying amount||||||
|At 31December 2020|2,235,063|27,844|4,374,196|339,819|6,976,922|
|At 31December 2019|1,115,631|29,842|1,680,707|1,073,283|3,899,464|





## 

## 

||Group &Charity —prior year|Group &Charity —prior year|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Listed|Designated|||COIF|Cash at|Total|
|||||investments|Blackgock|||investments|broker||
||||||||E|6|6||
||Cost or valuation||||||||||
||At 1January 2019|||1,040,506||24,872||242,744|34,780|1,342,902|
||Additions|||522,686||||1,372,052||1,894,738|
||Valuation<br>changes|||107,653||4,970||65,912||178,535|
||Cash awaiting<br>investment||||||||1,047,667|1,047,667|
||Investment<br>mgt fees||||||||(9,164)|(9,164)|
||Disposals|||(555,214)||||||(555,214)|
||At31December 2019|||1,115,631||29,842||1,680,707|1,073,283|3,899,464|
||Carrying amount||||||||||
||At 31December 2019|||1,115,631||29,842||1,680,707|1,073,283|3,899,464|
||At 31December 2018|||1,040,506||24,872||242,744|34,780|1,342,902|
||Charity Other investments|comprise:|||||||||
||Investments<br>in subsidiaries||||||||||
|15|Financial<br>instruments||||||||2020|2019|
||||||||||E|6|
||Carrying amount offinancial||assets||||||||
||Equity Instruments<br>measured||at fair value through|||profit|or|lass|6,976,922|3,899,463|
||Debtors measured<br>at fair value|||through<br>profit|or loss||||2,414,348|39,798|
||Cash &cash equivalents<br>held||at fair value through|||profit or||loss|476,406|618,798|
||Carrying amount offinancial||liabilities||||||||
||Creditors measured<br>at fair|value through<br>profit|||or|loss|||352,017|560,317|
||Net financial assets||||||||9,515,659|3,997,742|





## 

## 

|16|Stocks|||||||
|---|---|---|---|---|---|---|---|
|||||Group||Charity||
|||||2020|2019|2020|2019|
||||Notes|f|f|f|f|
||Finished goods and goods for resale||||750,500||500|
||||||750,500||500|
|17|Debtors: Amounts||falling due within one year|||||
|||||Group||Charity||
|||||2020|2019|2020|2019|
||||Notes|f||f|f|
||Trade debtors|||2,398,572||500||
||Rental debtors|||4,245|4,410|4,245|4,410|
||Other debtors||||953||953|
||Prepayments|and accrued income||11,532|34,435|940,141|34,437|
|||||2,414,349|39,798|944,886|39,800|





## 

## 

## 

|18|Creditors: amounts|Creditors: amounts|falling due within one year|falling due within one year|||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
||||||2020|2019|2020|2019|
|||||Notes|6|6|E|f|
||Other taxation|and|social security||296,333|517,657|||
||Trade creditors||||1,176||1,176||
||Accruals and deferred|||income|54,508|42,660|53,037|37,862|
||||||352,017|560,317|54,213|37,862|





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|24|Cash generated<br>from operations|Cash generated<br>from operations||2020|2019|
|---|---|---|---|---|---|
|||||E||
||Surplus for the year|||4,715,751|2,341,297|
||Adjustments<br>for:|||||
||Investment<br>income recognised|in profit or loss||(130,673)|(59,505)|
||(Gain)/loss<br>on disposal of investments|||24,589|(29,677)|
||Fair value gains and losses on|investments||(351,420)|(148,856)|
||Fair value gains and losses on|investment|properties|35,000||
||Depreciation<br>and impairment|oftangible|fixed assets|16,667|16,667|
||Movements<br>in working capital:|||||
||Decrease/(increase)<br>in debtors|||(2,374,551)|(36,577)|
||(Decrease)/increase<br>in creditors|||(208,300)|523,694|
||Decrease/(increase)in<br>stocks|||750,500|246,648|
||Cash generated<br>from general|activities||2,477,563|2,853,691|
|25|Analysis ofchanges in net funds|||||





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|Name|of undertaking|Registered|Nature ofbusiness|Class of|%Held|
|---|---|---|---|---|---|
|||office||shares held|Direct Indirect|
|Oken|Eyffler|UK|Land development|Ordinary|100.00|
|||||share||



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